Insuranace is a joke
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
Now add up your total payments
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
You can appeal a total loss settlement. They’re supposed to take into account the cost to replace the car at local rates, so unless that 16k model you’re looking at is in dramatically better condition or has way way less mileage on it, they need to justify that.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
wrote last edited by [email protected]Insurance is for liability. To pay for the damages you do to someone else. What you're describing is full coverage.
Once you've paid off your vehicle, you may consider dropping down to liability only. Full coverage is convenient because they'll pay you when your vehicle is damaged, but the monthly payments will quickly far exceed the money you will recover if you get in an accident.
This is just an example of insurance companies making it more convenient to continue paying them extra money. In the end, insurance still isn't a utility, and it continues to be run by private, for-profit companies that will nickel and dime you at every corner.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
Needing to own a car to exist in society is a tax.
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You can appeal a total loss settlement. They’re supposed to take into account the cost to replace the car at local rates, so unless that 16k model you’re looking at is in dramatically better condition or has way way less mileage on it, they need to justify that.
It's gotta be in better condition, OPs car is totalled.
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Now add up your total payments
The car isn't always the most expensive part of a collision.
Anything that requires one or more person to go to the hospital will dwarf the value of the car before the gurney gets all the way in the building.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
If you can afford to, you should go for liability only coverage. We recently bought a new car and have comprehensive on it. But for years we just had a single old Toyota as our only vehicle. And we didn't keep comprehensive on it. Instead we purchased the highest liability policy the insurance company sells. A car that cheap is a small part of our financial world; we can afford to replace it. But the potential damage a vehicle can cause? It's very easy to cause a million in damages with any vehicle. Long term care and medical bills add up quick.
I recommended just sticking to liability if you can otherwise afford to replace a vehicle. It's a lot easier to figure out what you're buying when you're buying liability coverage as well. If I cause an expensive accident, the company will be liable for it. They can't easily weasel their way out of paying a fake amount. If I have a $1 million liability policy, and I lose a judgment for $1 million, there's not much the insurance company can do but pay for it. In fact, their lawyers will be fighting the case for me, as they're the ones who will ultimately have to pay if it fails. From an insurance purchase point of view, liability insurance is a pretty good deal. It's easy to know what you're purchasing, and it's hard for the company to weasel their way out of payment on the back end.
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Insurance is for liability. To pay for the damages you do to someone else. What you're describing is full coverage.
Once you've paid off your vehicle, you may consider dropping down to liability only. Full coverage is convenient because they'll pay you when your vehicle is damaged, but the monthly payments will quickly far exceed the money you will recover if you get in an accident.
This is just an example of insurance companies making it more convenient to continue paying them extra money. In the end, insurance still isn't a utility, and it continues to be run by private, for-profit companies that will nickel and dime you at every corner.
Our car got hit but they won't pay for the exact same car.
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Needing to own a car to exist in society is a tax.
1000% in our neighborhood during winter you cannot go get food at all without a car. There's no walk to market or bus station. Very poor choice of location but it's what I can afford.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
Did she have any injuries to put it towards?
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If you can afford to, you should go for liability only coverage. We recently bought a new car and have comprehensive on it. But for years we just had a single old Toyota as our only vehicle. And we didn't keep comprehensive on it. Instead we purchased the highest liability policy the insurance company sells. A car that cheap is a small part of our financial world; we can afford to replace it. But the potential damage a vehicle can cause? It's very easy to cause a million in damages with any vehicle. Long term care and medical bills add up quick.
I recommended just sticking to liability if you can otherwise afford to replace a vehicle. It's a lot easier to figure out what you're buying when you're buying liability coverage as well. If I cause an expensive accident, the company will be liable for it. They can't easily weasel their way out of paying a fake amount. If I have a $1 million liability policy, and I lose a judgment for $1 million, there's not much the insurance company can do but pay for it. In fact, their lawyers will be fighting the case for me, as they're the ones who will ultimately have to pay if it fails. From an insurance purchase point of view, liability insurance is a pretty good deal. It's easy to know what you're purchasing, and it's hard for the company to weasel their way out of payment on the back end.
This is the way.
It's hard though, to just get liabilty on a car if you're still making payments on it.
It's gotta be 100% yours with no payments or liens on it.
Then you can go for a nice high liability policy. I've always bought older used and just gotten policies to cover OTHER people I may accidentally hit. No collision - If i'm not paying attention and slide off the road into a rock.. that's on me.
I also would add glass and theft to that liability policy. The glass coverage saved my ass a few years ago when I caught a rock behind (what else?) a dump truck.
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Our car got hit but they won't pay for the exact same car.
wrote last edited by [email protected]No, they won't. You'll only get a new car if the vehicle is new (within 5 years and under a certain mileage) and still being paid off, because then the financier/lender is still in the mix. Lenders can and will aim their own lawyers at the insurers.
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Did she have any injuries to put it towards?
Yeah some kind of bone/muscle pain. It hasn't gone away so that's kind of worrisome.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
You just didn't understand what you were buying.
If you want guaranteed value insurance you should purchase that.
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It's gotta be in better condition, OPs car is totalled.
Well because the front fell off. It's a bit of a giveaway. I'd just like to make the point that it's not normal.
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Yeah some kind of bone/muscle pain. It hasn't gone away so that's kind of worrisome.
Maybe put the claim towards that if you can, and get a new car lien. Maybe new insurance when they finish paying out
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Our car got hit but they won't pay for the exact same car.
If your car got hit, then I'm guessing you're dealing with the other drivers liability insurance, right?
I can't speak for how the legal system where you are works, but I would hold the other driver liable for every single cent, involving a lawyer if necessary.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
So it sounds like your insurance company is trying to game the system. This isn't necessarily a problem with insurance as a concept, it's just something that happens because private companies are greedy m************.
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So it sounds like your insurance company is trying to game the system. This isn't necessarily a problem with insurance as a concept, it's just something that happens because private companies are greedy m************.
It's okay you can say motherfuckers.
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My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can't be legally driven. The insurance will only pay us $9000. But now we're trying to buy a replacement and for the same model year they are asking 16000!
WTF! What's insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you're are the victim.
They should call it "pay slightly less than full price if you fucked up your car"
Insurance covers damage to the other party if you were at fault, any medical issues. To only see its value for taking care of your own car and nothing else is short sighted and ignorant.
